- The Straits Times
This is even as electronics shipments continued to plunge, according to statistics published by Enterprise Singapore on Thursday (May 17).
Non-oil domestic exports (NODX) saw a jump of 11.8% in April 2018, compared with a previous decline by 3.2% in March and 6% in February. Enterprise Singapore attributed the increase to the growth in non-electronic exports which outweighed the decrease in electronics exports.
Electronic product shipments have remained on a decline albeit at a slower pace as electronic NODX decreased by 6.9% in April, following the 7.5% decrease in March.
Personal computer parts, integrated circuits, and diodes and transistors fell by 42.5%, 5.5% and 20% respectively, contributing the most to the drop in electronic domestic exports.
On the contrary, non-electronic NODX have expanded by 19.6% in April after an initial decline of 1.7% in the previous month.
Its growth was mainly contributed by non-monetary gold, pharmaceuticals and food preparations which increased by 84.5%, 43.7% and 140.6% respectively.
Enterprise Singapore also noted a growth in NODX to a majority of Singapore’s top 10 markets with the exception of Taiwan, South Korea, Malaysia and Hong Kong. The largest contributors to growth were China, the European Union and the US.